Bitcoin (BTC) derivatives point to broad price range play between $85,000-$100,000
Bitcoin derivatives suggest BTC will trade in a broad range between $85,000 and $100,000, not experience a massive surge or crash.Summary
Activity in Bitcoin's derivatives market, particularly options traded on Deribit, indicates expectations for price stability within a defined range, rather than extreme volatility. Strong put selling at the $85,000 strike level suggests significant support, as traders are confident BTC will not drop below this point, creating a potential floor. Conversely, writing call options around $95,000 to $100,000 is creating resistance, as sellers of these calls may need to sell BTC if prices approach those levels, capping upside movement. According to Wintermute's Desk Strategist Jasper De Maere, this dynamic means volatility is being "harvested" as traders profit from premiums collected by selling both puts and calls, betting on contained price action.
(Source：CoinDesk)